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STA TORY FORMULAE CONVERSION OF ESTIMATED MARKET VALUE (EMV) TO NET TAX <br />CAPACITY FOR MAJOR PROPERTY CLASSIFICATIONS <br />General <br />2001 Net Tax Capacity <br />2002-2017 Net Tax Capacity <br />Classification <br />Est. Mkt. Value <br />o9�Q_ f EMV <br />Est. Mkt. Value <br />% of EMV <br />RESIDENTIAL: <br />Homestead <br />First $76,000 <br />1.00% <br />First $500,000 <br />1.00% <br />Over $76,000 <br />1.65% <br />Over $500,000 <br />1.25% <br />Non -Homestead <br />First $76,000 <br />1.20% <br />First $500,000 <br />1.00% <br />Over $76,000 <br />1.65% <br />Over $500,000 <br />1.25% <br />AGRICULTURAL <br />LAND: <br />Homestead <br />First $115,000 <br />0.35% <br />First $600,000 <br />0.55% <br />$115,000-$600,000 <br />0.80% <br />Over $600,000 <br />1.00% <br />Over $600,000 <br />1.20% <br />Non -Homestead <br />100% of EMV <br />1.00% <br />100% of EMV <br />1.00% <br />COMMERCIAL 1 <br />INDUSTRIAL <br />First $150,000 <br />2.40% <br />First $150,000 <br />1,50% <br />Over $150,000 <br />3.40% <br />Over $150,000 <br />2.00% <br />M <br />